Chevron's $53 billion acquisition of Hess is the second megadeal in the energy sector this month, contributing to over $270 billion worth of M&A deals this year. The all-stock deal, which includes a 10% premium on Hess shares, will expand Chevron's presence in oil-rich Guyana. The trend of large acquisitions with minuscule premiums indicates that oil majors are refocusing on their core business. The Hess family will receive about $5 billion from the sale, and Hess will continue to sell its iconic toy trucks.
Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. https://t.co/p8uBh4BNqh
As Chevron buys Hess for $53B, the largest lithium deal-to-be fell through at a mere $6B. We are not the same. https://t.co/xjoqrDKHvB
Recent oil mega-deals show hydrocarbons are 'here to stay' -Saudi energy minister https://t.co/xAk2jdL0Bk https://t.co/u8gv5PMvhM
Analysis: Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters https://t.co/eAi7ltAPdt https://t.co/oHWGlBSFfp
⚠️ ANALYSIS-CASH-RICH EXXON, CHEVRON USE STOCK FOR MEGA DEALS AMID ENERGY MARKET JITTERS Full Story → https://t.co/klieX6Zjra https://t.co/G9FWdVByhm
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide https://t.co/gIl37z9Ogl
Chevron will acquire Hess Corporation as part of an all-stock transaction valued at $53 billion, the energy giant announced Monday, the second-largest deal by a major oil firm this month. https://t.co/nboWvTg69C
Chevron will acquire Hess Corporation as part of an all-stock transaction valued at $53 billion, the energy giant announced. https://t.co/MqCVtNG5Qt
Chevron – Hess deal is another consolidating step for the US energy sector, and puts Chevron at level with rival Exxon Mobil https://t.co/8l8grcoV41 https://t.co/YIdnqKgS9W
Chevron – Hess deal is another consolidating step for the US energy sector, and puts Chevron at level with rival Exxon Mobil https://t.co/Rx3BpQXp4U https://t.co/1v2RDdZ2PH
The Hess family is selling out on top. At least that’s how it looks from the oil giant’s surging shareprice, up 100% in two years, to a record high. https://t.co/bfO6vkSOg4
Chevron/Hess: supermajor builds bulk for long game with $60bn buy https://t.co/lZE5q3pPal
Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’ https://t.co/5SjBBBQOqH
Hess will continue selling its toy trucks, the company said, after Chevron announced that it would acquire the energy company for $53 billion https://t.co/imIkitpBwZ
Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’ https://t.co/GN6lxBj7F8
From @Breakingviews: Chevron said it would buy Hess for $53 billion. The transaction is more speculative than rival Exxon’s $60 billion plunge into Texas shale with the purchase of Pioneer. It’s also dicey for CEO Mike Wirth, writes @rob_cyran https://t.co/AgDhcLirG3
Oil major Chevron looks to increase its footprint in oil-rich Guyana as it agreed to buy US producer Hess in a $53-billion all-stock deal https://t.co/8l8grcpsTz https://t.co/au1CBn6LFf
Oil major Chevron looks to increase its footprint in oil-rich Guyana as it agreed to buy US producer Hess in a $53-billion all-stock deal https://t.co/Rx3BpQWRfm https://t.co/iqk0NiLo2t
Chevron agrees to buy Hess in a deal worth $53 billion, the latest major consolidation in the US oil industry https://t.co/YEfRZHQ6Mo
Chevron agrees to buy Hess in a deal worth $53 billion, the latest major consolidation in the US oil industry https://t.co/ZXsmGps7cm
Chevron to buy Hess Corp for $53 billion in all-stock deal https://t.co/2mnO5gze7U https://t.co/0sxpX0Tseo
Breakingviews - Chevron’s $53 billion deal is risky Exxon copycat https://t.co/6KNzRrZHbw
Chevron agrees to buy Hess for $53 billion. Here's how to invest in the deal https://t.co/XUzUVEaQPI
Chevron ($CVX) is doubling down on fossil fuel demand for years to come as it plans to acquire crude and natural gas explorer Hess ($HES) in an all-stock deal valued at $53 billion, or $171 per share. https://t.co/5T6AtgP6jy
Hess $HES just confirmed it will continue selling its toy trucks even after the Chevron $CVX acquisition - Bloomberg “We want to reassure all of you, our loyal fans, that the Hess Toy Truck, a long-standing and cherished tradition, will continue for future years!” https://t.co/AFaMXlNQDq
Hess will continue selling its toy trucks after Chevron announced that it would acquire the energy company for $53 billion https://t.co/FiLIjBOmus
Hess will continue selling its toy trucks, the company said, after Chevron announced that it would acquire the energy company for $53 billion https://t.co/psv5vNX9sr
The roots of the megamerger between Chevron and Hess began years ago, when their CEOs shared a meal during an industry conference https://t.co/L6Eqktf33I
$CVX reached an agreement to buy rival $HES in a $53 billion all-stock deal. Enverus SVP Andrew Dittman discusses the megadeal: https://t.co/7e2hRcyrbg
Chevron’s proposed $53 billion takeover of Hess is the second megadeal this month and makes resoundingly clear a new wave of consolidation is reshaping the energy landscape. https://t.co/F2LXFRZ6Ta
Breakingviews - Chevron’s $53 billion deal is risky Exxon copycat https://t.co/d0eyettN8I
Analysis: Mega transatlantic oil mergers less likely after Exxon, Chevron deals https://t.co/OwlYXOysQD https://t.co/4zvhHrf3Q5
From Breakingviews - Chevron’s $53 billion deal is risky Exxon copycat https://t.co/mf7eAWE31A
Chevron, the U.S. energy giant, said Monday that it had agreed to acquire Hess, a medium-sized rival, in an all-stock deal valued at $53 billion. The deal marks a further consolidation of the energy industry. https://t.co/8zwn5Qqdqj
John Hess, has agreed to sell the US oil producer to Chevron Corp. in a deal that crystallizes the value of the stake controlled by the family at about $5 billion. https://t.co/fTGoip2dia
Chevron agreed to buy US oil and gas producer Hess in a $53-billion all-stock deal https://t.co/8l8grcoV41 https://t.co/4GHlNTeM4K
If Chevron closes this deal to buy Hess, I really hope they keep making the Hess toy trucks.
Chevron, $CVX, entered into a definitive agreement to acquire Hess, $HES, in an all-stock transaction valued at $53 billion. https://t.co/lARc1MCDDK
Chevron agreed to buy US oil and gas producer Hess in a $53-billion all-stock deal https://t.co/Rx3BpQWRfm https://t.co/RSOQqnpNpP
Chevron is doubling down on its bet that demand for fossil fuels will remain robust for decades to come https://t.co/c3YkAmM74p https://t.co/so270mOHGf
The crown jewel of Chevron’s $53 billion acquisition of Hess is a piece of larger rival Exxon Mobil’s prized asset https://t.co/50R0IybMMf
Big Oil is doing some of the biggest M&A deals ever. Yet both Exxon and Chevron are paying minuscule premiums for their targets, says @JavierBlas https://t.co/qZJeR31PyX via @opinion
⚡️🇺🇸 Chevron said it would buy Hess in an all-stock deal worth $53 billion, the second major oil tie-up this month following Exxon Mobil’s deal to buy Pioneer Natural Resources. The U.S. energy company said buying Hess would upgrade and diversify its portfolio, marking Chevron’s… https://t.co/cRxjKwWqgZ https://t.co/hiULTVYe6I
Chevron will acquire Hess Corporation as part of an all-stock transaction valued at $53 billion, the energy giant announced. https://t.co/zCVlbXR71d
🛢️ ANALYSIS-MEGA TRANSATLANTIC OIL MERGERS LESS LIKELY AFTER EXXON, CHEVRON DEALS The prospect of Exxon Mobil or Chevron buying European majors has receded after the two leading U.S. oil companies announced major acquisitions focused on the Americas this month, investors said. https://t.co/ug001TWH03
Chevron was considered a potential buyer for Occidental, given that both companies are big players in the Permian basin. https://t.co/91i8Qoru8n
The roots of the megamerger between Chevron and Hess began years ago, when their CEOs shared a meal during an industry conference https://t.co/uAyMNmuXO6
Chevron agrees to buy Hess in a deal worth $53 billion, the latest major consolidation in the US oil industry https://t.co/ed4O91Qj4j
'The North American energy sector has seen $270 billion worth of M&A deals year-to-date, with the average share premium at a 25-year low.' https://t.co/BcGEsSX4yu by @JavierBlas https://t.co/7YdtjEhxP9
Chevron's Hess deal shows big oil still banking on fossil fuels despite energy transition https://t.co/NUQ9oTgwXu by @ines_ferre
Chevron CEO Mike Wirth and Hess CEO John Hess discuss why the companies decided to combine in a $53 billion deal. Chevron will pay $171 per share for Hess, a premium of about 10% to the 20-day average price https://t.co/8NVfx8bgkW https://t.co/TLij6VhBF3
Chevron Deal Makes Billionaire Hess Family Even Richer https://t.co/fSA5f0qG10 https://t.co/RXx0QqbodL
Chevron CEO Mike Wirth and Hess CEO John Hess discuss why the companies decided to combine in a $53 billion deal. Chevron will pay $171 per share for Hess, a premium of about 10% to the 20-day average price https://t.co/UW6L3a8i3K https://t.co/6kZkvhGnra
The crown jewel of Chevron’s $53 billion acquisition of Hess is a piece of larger rival Exxon Mobil’s prized asset https://t.co/BrXN05e3sC
Guyana’s government is “very supportive” of Chevron’s deal to buy Hess, which owns a large stake in the country’s oil developments, says the company's chief executive https://t.co/uGmYQC6Vlf
Heard on the Street: The smell of mergers is in the air following more than $110 billion worth of oil megadeals this month—Chevron’s agreement to buy Hess and Exxon’s deal for Pioneer. Who’s next? https://t.co/BOc0ZOOW0k
Chevron announces it is buying Hess in an all-stock deal worth $53 billion. This deal comes less than two weeks after ExxonMobil said that it would acquire Pioneer Natural Resources for about $60 billion. https://t.co/68sUYedamw
Chevron to buy Hess Corp for $53 billion in all-stock deal https://t.co/pzoDnydUmg https://t.co/E7zCN3WX0W
Dealmakers are suddenly busy again, as consolidation in the energy patch helped make this one of the busiest months in years for US mergers and acquisitions https://t.co/iz34yRJAi0
Tired: "How does Chevron's Hess acquisition affect the oil and gas industry?" Wired: "How does Chevron's Hess acquisition affect its rivalry with Exxon?" Inspired: "How does Chevron's Hess acquisition affect the holiday Hess toy truck?" https://t.co/iqj6hQnNrV
Here's the latest on Chevron's major deal this morning https://t.co/EuWL3Ep38V
John Hess, has agreed to sell the US oil producer to Chevron Corp. in a deal that crystallizes the value of the stake controlled by the family at about $5 billion. https://t.co/RbnEBwnYFe